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Arts, Culture & Humanities · 2023 Form 990

Solomon R Guggenheim Foundation: $82.6M Revenue, $64.8M Program Expenses

New York, New York · EIN 135562233 · Filing year 2023

Solomon R Guggenheim Foundation reported $82.6M in total revenue, $83.0M in total expenses, and $220.9M in total assets on its 2023 IRS Form 990. 78.0% of expenses ($64.8M) went directly to programs. Top officer compensation is not reported on this 990 filing. Overall efficiency grade: B (74/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

B
Efficiency Score
74/100

Key Facts (2023 Form 990)

Total Revenue
$82.6M
Total Expenses
$83.0M
Program Expenses
$64.8M
Program Expense Ratio
78.0%
Total Assets
$220.9M
Reserve Months
31.9 months
EIN
135562233
Latest 990 Year
2023
Top Officer Compensation
Not reported

Solomon R Guggenheim Foundation grades a B on the nonprofit efficiency rubric. 74/100 on the composite — above the national median, with strong performance on some factors balanced by middling performance on others.

Solomon R Guggenheim Foundation reported $82.6M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Solomon R Guggenheim Foundation directs 80% of its expenses to programs — above the third-party-rater threshold for an efficient organization.

Five-year revenue is essentially flat — Solomon R Guggenheim Foundation's funding base appears stable but not growing. For mature organizations this is often the steady state; for younger ones it can signal a funding plateau worth diagnosing. CEO compensation is reported as zero in the filing — typical for nonprofits where the chief executive is paid through a related entity (parent system, university, or foundation) rather than the filing organization itself, or for small organizations whose chief is a volunteer or board member. Solomon R Guggenheim Foundation sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.


$82.6M
Revenue
$83.0M
Expenses
$220.9M
Total Assets
78.0%
Program Spending

How Solomon R Guggenheim Foundation Compares

Solomon R Guggenheim Foundation directs 78.0% of spending to programs, meeting the 65% minimum recommended by charity watchdogs. Its efficiency score of 74/100 is 5 points above the Arts, Culture & Humanities category average. The organization holds 31.9 months of operating reserves, indicating strong financial stability.

Financials

Where Your Donation Goes

$64.8M
Program Spending
78.0% of expenses
Not reported
CEO Compensation
31.9 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, for every dollar donated to Solomon R Guggenheim Foundation, approximately 78.0 cents goes directly to program activities. The remaining funds cover administrative costs, fundraising, and management expenses.

Trend

Revenue History


Solomon R Guggenheim Foundation has an Efficiency Score of B (74/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

Solomon R Guggenheim Foundation, Donor FAQ

Solomon R Guggenheim Foundation has an Efficiency Score of B (74/100). Approximately 78.0% of expenses go directly to program activities, with the remainder covering administration and fundraising.

CEO/officer compensation for Solomon R Guggenheim Foundation is not reported in the most recent IRS 990 filing on file.

Solomon R Guggenheim Foundation reported $82.6M in annual revenue and $83.0M in total expenses for filing year 2023. The organization holds $220.9M in total assets.

For every dollar donated to Solomon R Guggenheim Foundation, approximately 78.0 cents goes to program activities. The organization has 31.9 months of operating reserves, providing financial stability to sustain its mission.

Solomon R Guggenheim Foundation is a registered 501(c) organization with EIN 135562233, based in New York, New York. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS 990 filings via ProPublica Nonprofit Explorer. Efficiency Scores combine program spending ratio (50%), revenue growth (20%), reserve months (20%), and CEO compensation ratio (10%). Filing data may lag 6-18 months from the tax year.